28 February 2020

Table of Contents for Ticker Tape- Construction

Ticker Tape- Infrastructure

Delhi-Saharanpur national highway project takes off!


Big national highway project to link the national capital with Uttar Pradesh! There is good news for those of you who frequently travel between Delhi and Saharanpur –Union Minister for Road, Transport and Highways Nitin Gadkari along with Chief Minister of Uttar Pradesh Yogi Adityanath is all set to lay the foundation stone for the Delhi-Saharanpur highway. The highway which will connect the national capital with Saharanpur in Uttar Pradesh is 154-km-long and will be developed in three phases. The Delhi-Saharanpur highway project will be executed by the National Highways Authority of India (NHAI). The entire project is worth Rs 1505.72 crore. In the first phase of the project, a highway stretch of 61 km long from Baghpat to Shamli will be developed. For the development of this stretch, an amount of Rs 726.33 crore has been allotted. The foundation stone for this will be laid today. Other than this, the foundation stone for the four-lane highway stretch of 62.772 km long, connecting Shamli to Saharanpur will also be laid today. To build this stretch, an amount of Rs 779.39 crore has been allotted.





Kandla Port Trust to develop waterways in 2 Gujarat rivers


Union minister Mansukh Mandaviya has said the proposed waterways in Tapi and Narmada rivers in Gujarat will be developed by state-owned Kandla Port Trust. The Minister of State for Road Transport & Highways, Shipping, Chemicals, and Fertilisers told this to PTI after a review meeting on road projects with MPs, MLAs and officials of the National Highways Authority of India (NHAI) here Saturday. The Union minister also said total Rs 35,448 crore would be spent on developing four expressways in Gujarat- Rs 11,000 crore on Delhi-Vadodara expressway, Rs 8,711 crore on Vadodara Mumbai expressway, Rs 8,000 crore on Sanchore-Radhanpur economic corridor and Rs 7,737 crore on Ahmedabad-Dholera expressway.




Bullet train project boon! All-weather motorable road to come up along the corridor


The high-speed rail project executing authority has decided to construct a service road along the 508-km corridor, which could prove to be a lifeline for people in remote areas of Maharashtra and Gujarat. The four-metre service road will run throughout the alignment between Mumbai and Ahmedabad, excepting a few stretches with difficult terrain. The project is being executed at an approximate cost of Rs 1.08 lakh crore with active financial and technical support from Japan. “The road would aid in supply of raw materials and provide logistical support to engineers and workers for construction of the corridor, the alignment of which passes through remote and inaccessible areas. Eventually, it will be transformed into an all-weather motorable road,” said an official of National High Speed Rail Corporation Limited (NHSRCL).




Temasek to invest up to $400 mn in NIIF


The National Investment and Infrastructure Fund (NIIF) Thursday said Singapore-based Temasek has agreed to invest up to $400 million (around Rs 2,750 crore), which may include future potential co-investments with NIIF. As part of the agreement, Temasek will join the government, Abu Dhabi Investment Authority (ADIA), HDFC group, ICICI Bank, Kotak Mahindra Life Insurance and Axis Bank as an investor in NIIF's Master Fund and as a shareholder in National Investment and Infrastructure, NIIF's investment management company. NIIF, created in 2015, has two operational funds - the NIIF Master Fund that invests directly into companies and a fund of funds that invests in funds that are managed by third parties. It is also looking to launch a $2-billion long-term fund to finance various mega projects.




The 21st-century 'highways' that India needs


The rise in fuel prices and the policy objective of gradually moving away from coal-based energy sources creates the need for "highways for natural gas" -- pipelines. Data available with the Ministry of Power (as of April 30, 2018, obtained from the Central Electricity Authority) suggests that coal still meets 57.3 per cent of energy needs in India. The contribution of gas is currently pegged at only 7.2 per cent. India intends to push up the contribution of natural gas in the energy mix to 20 per cent by 2025, according to the "Vision 2030" Natural Gas Infrastructure in India report. The country's commitment to promoting natural gas and the urgent need to meet the energy mix target implies that significant infrastructure investments are needed in pipelines to enable the movement of gas from the source of import and production to the end consumer. These "highways of natural gas transportation" are the infrastructure required to gradually transform the country into a low-carbon economy.




343 Infra Projects show cost overrun of Rs 2.23 Lakh Cr


As many as 343 infrastructure projects, each worth `150 crore or above, have shown cost overrun of Rs 2.23 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of these 1,332 projects, 343 reported cost overrun and 253 time escalation. According to the report, the expenditure incurred on these projects till April 2018 is Rs 6,63,109.75 crore, which is 35.85 per cent of the anticipated cost of the projects. However, it said the number of delayed projects decreases to 187 if delay is calculated on the basis of latest schedule of completion. For 634 projects neither the year of commissioning nor the tentative gestation period has been reported. Out of 253 delayed projects, 59 projects have overall delay in the range of 1 to 12 months, 48 (13-24 months), 76 projects (25-60 months) and 70 projects (61months and above). The report attributes the time overrun to a host of issues, including delay in land acquisition, forest clearance, supply of equipment, fund constraint, Maoist incursion, legal cases and law and order situation.




India to construct 100 airports worth $60 billion


India plans to construct 100 airports at an estimated cost of $60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said recently. The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth. As many as 100 new airports would be built in the next 10 to 15 years for about $60 billion. These airports are to be constructed through public private partnership, Prabhu said. He said the government is also working on a cargo policy. According to global airlines' grouping IATA, India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world's third largest air passenger market.




Taiwanese company CPC Corp proposes $6.6 billion investment in India


Taiwan's state-owned CPC Corp has proposed to invest $6.6 billion in petrochemical projects in Paradip in Odisha using feedstock from IOC, Oil Minister Dharmendra Pradhan told the media recently. A Taiwanese delegation today discussed investment in the petrochemical cracker and downstream units. The delegation led by Shun-Chin Lee, President of CPC Corporation "had detailed discussions with the Minister and senior officials of the Ministry and the oil industry on the proposed investment and identified the East Coast of India, and and Odisha in particular, for the location of the cracker and downstream units," and Indian Oil Corp) statement said. During the discussions, IOC's 15-million tonnes per annum Paradip Refinery has emerged as a suitable location for investment in a greenfield cracker and downstream units at an estimated investment of $6.6 billion, it said.




100 million machine for subway metro!


Under the ground, under sub soil of 20 to 28 m below the subway system, it will have a double subway. The cost of the machine will be around 100 crores! The work of the subway is going to be completed in the next two years. The 15-kilometer stretch of Wayanaj to Ramwadi in the city is elevated, so that the road will be raised on the road and the metro will run from it, hope is of hope. Pimpri Chinchwad and Swargate are a 16-kilometer stretch of the metro. The route between Pimpri and Shivajinagar is elevated. About 6 km route between Shivajinagar and Swargate is underground. There are stations like Shivajinagar, Phadke Houd, Budhwar Peth (Mandya) and Swargate. The subway is about 12 to 15 meters above the Mutha river. Phadke will be a subway of 20 to 28 meter deep metro between Swadgate and Swargate.




Colaba-Bandra-Seepz Metro 3: Third TBM "Wainganga 2" for Package 7


Mumbai Metro Rail Corporation (MMRC) launched the "Wainganga 2" tunnel boring machine at Sariput Nagar in the seventh package. "Wainganga 2" is 100 meters long, 6600 mm diameter and weighs 500 tonnes. Wainganga 2 is the Shanghai Tunnel Engineering Company, China. The 'Vainganga 2' seepage will make up to 0.5 km of Metro station. Of the total 17 TBM machines of Mumbai Metro 3, 16 machine sites have been entered and 14 machines have been grounded and 12 have been operational. Project Director of L & T H. Khan and Project Manager H Jairamna were present as well as representatives of the Shanghai Tunnel Engineering Company, Chiak Yang and Shen Shengming were also present.




Dilip Buildcon Ltd Declared L-1 Bidder for Metro Rail Bhopal


Dilip Buildcon was declared L-1 bidder for the Phase I of the Bhopal Metro Rail Project valued at Rs 247.06 cr awarded by the Urban Administration and Development Department Madhya Pradesh Metro Rail Co. Ltd Bhopal in Madhya Pradesh. The scope of the work includes design and construction of elevated viaduct of length 6.225 km between AIIMS and Subhash Nagar (excluding stations) including entry and exit to Depot for Bhopal Metro Rail Project, Phase-I.




Texmaco-Wabtec JV starts production of value-added products for railways


Wabtec Texmaco Rail Private Ltd, the joint venture between US-based Wabtec Corporation and Texmaco Rail & Engineering, has started production of specialised and value-added products for Indian Railways at Belgharia in West Bengal. The new Kolkata facility, adjacent to Texmaco Rail's Belgharia facility, will serve as the manufacturing home to Wabtec’s leading global product lines in freight and locomotive brake shoes, truck mounted brakes and cushioning systems. The JV entity will help bring the latest generation of safety & control equipment and systems for Indian Railways. Incidentally, Wabtec Corporation holds 60 per cent stake in the JV and Texmaco Rail, the balance 40 per cent. Adventz Group firm Texmaco Rail, which is primarily engaged in manufacture of wagons for Indian Railways, has been gradually shifting its focus to non-wagon business. The company is moving from being a low-tech wagon maker to a high-tech manufacturer of wagons and products and components.




Two more phases of Hyderabad Metro in three months


The Telangana Chief Minister K Chandrasekhara Rao has focussed on agriculture and irrigation in his Independence Day speech. Addressing the gathering after unfurling the National flag at the historic Golconda Fort here on Wednesday, he said two more phases of Hyderabad Metro Rail will be launched in the next three months. Listing various measures taken up by the State government in the last four years in agriculture, irrigation and infrastructure sectors, he said a 330-km Regional Ring Road will be constructed beyond the Outer Ring Road in Hyderabad. The Chief Minister said an Information Technology Park would be established in Hyderabad for entrepreneurs in the minority community. Blaming the then governments of the composite Andhra Pradesh state, he said agriculture and irrigation in Telangana had been totally neglected.




IOC to bring in strategic partner for Ennore LNG terminal project


Indian Oil Corporation Ltd (IOC) will induct a strategic partner into Indian Oil LNG Pvt Ltd (IOLPL), the entity that is building a 5 mtpa LNG regasification terminal at Kamarajar port in Ennore, Chennai. This is being done to give an exit route to the two banks that hold stake in IOLPL.


An IOC official declined to give further details on potential strategic partners or when a deal would materialise. IOC holds 50 per cent of the equity in the Rs 4,300-crore LNG regasification terminal, with two financial partners — IDFC Bank and ICICI Bank — holding the balance. IOC hopes to reach full capacity at the Ennore terminal in two years.



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